Daiyang Metal Co., Ltd. Stock Forecast
Daiyang Metal Co., Ltd. stock price down 3.11% on Thursday
(Updated on May 16, 2024)
The Daiyang Metal Co., Ltd. stock price fell by -3.11% on the last day (Thursday, 16th May 2024) from ₩1,863.00 to ₩1,805.00. During the last trading day the stock fluctuated 4.52% from a day low at ₩1,791.00 to a day high of ₩1,872.00. The price has risen in 6 of the last 10 days but is still down by -2.01% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -24 thousand shares and in total, 540 thousand shares were bought and sold for approximately ₩975.10 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.87% during the next 3 months and, with a 90% probability hold a price between ₩1,626.54 and ₩3,079.53 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
009190.KS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Daiyang Metal Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₩1,837.43 and ₩2,076.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -8.14%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Daiyang Metal Co., Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₩1,591.00 and ₩1,551.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Daiyang Metal Co., Ltd. finds support just below today's level at ₩1,591.00. If this is broken, then the next support from accumulated volume will be at ₩1,551.00 and ₩1,383.00.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₩81.00 between high and low, or 4.52%. For the last week, the stock has had daily average volatility of 8.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (009190.KS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Daiyang Metal Co., Ltd. to open at ₩1,822.67, and during the day (based on 14 day Average True Range), to move between ₩1,626.66 and ₩1,983.34, which gives a possible trading interval of +/-₩178.34 (+/-9.88%) up or down from last closing price. If Daiyang Metal Co., Ltd. takes out the full calculated possible swing range there will be an estimated 19.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₩1,839.00 (1.88%) than the support at ₩1,591.00 (11.86%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Daiyang Metal Co., Ltd. stock A Buy?
The Daiyang Metal Co., Ltd. stock holds several negative signals and despite the positive trend, we believe Daiyang Metal Co., Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.085 Sell Candidate Unchanged
Predicted Opening Price for Daiyang Metal Co., Ltd. of Friday, May 17, 2024
Fair opening price May 17, 2024 | Current price |
---|---|
₩1,822.67 ( 0.98%) | ₩1,805.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 009190.KS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,903.67 | 5.47 % | |
R2 | 1,872.72 | 3.75 % | ||
R1 | 1,853.61 | 2.69 % | ||
Current price: | 1,805.00 | |||
Support | S1 | 1,791.72 | -0.735 % | |
S2 | 1,772.61 | -1.79 % | ||
S3 | 1,741.67 | -3.51 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,165.00 | 19.94 % | |
R2 | 1,965.00 | 8.86 % | ||
R1 | 1,839.00 | 1.88 % | ||
Current price | 1,805.00 | |||
Support | S1 | 1,591.00 | -11.86% | |
S2 | 1,551.00 | -14.07% | ||
S3 | 1,383.00 | -23.38% |
009190 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 27, 2007 | Dec 27, 2007 | Dec 27, 2007 | ₩4,446.27 | 1.41% |
2 | Dec 27, 2006 | Dec 27, 2006 | Dec 27, 2006 | ₩4,890.90 | 7.77% |
3 | Dec 28, 2005 | Dec 28, 2005 | Dec 28, 2005 | ₩2,223.13 | 3.40% |
4 | Dec 29, 2004 | Dec 29, 2004 | Dec 29, 2004 | ₩4,446.27 | 7.04% |
5 | Mar 30, 2004 | Mar 30, 2004 | Mar 30, 2004 | ₩3,334.70 | 5.73% |
FAQ
Click here for our free guide on how to buy Daiyang Metal Co., Ltd. Stock.